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20121129
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are you holding this up. >> president obama told boehner there is no deal unless to keep the tax rates go up for those earning more $250,000. >> 138 nations voted to granted the palestinian authority status as a non-member observer state. israel and united states voted against the controversial measure which could make it easier for the palestinian authority to pursue israel in international courts. palestinian president mahmoud abbas called it a last chance for a peaceful two state settlement. >> just ahead, a bay area's woman battle against cancer. >> how social media is bringing >>> traditional fund-raising usually involves something like a bake sale or auction. >> social media opened a new arena. >> it is called cloud funding and michael finney is here tonight, apparently it works. >> it really does. it is a game changer. i reported earlier about a local elementary school where they were able to raise cash by using a cloud funding site. thousands of folks are raising money from everything from making movies to paying medical bills. for one san francisco woman who is fighting cancer, i
over the cliff, it is clear they've made a political calculation. >> reporter: president obama and his team are demanding that congress allow bush era tax cuts to expire. >> there is no responsible way we can govern this country with those low rates in place for future generations those rates have to go up. >> reporter: republicans have drawn a line in the sand on raising tax rates signaling they are open to raising revenue by reforming the tax code and limiting reductions for the wealthy. >> right now i would say we are nowhere. >> reporter: president obama asking for 1.6 trillion in new tax revenue over 10 years, boehner is offering half that. the president offering 600 billion dollars in cuts to medicare and other programs. the speaker says that is not enough. he hasn't outlined what he thinks should be cut. if they can't avoid the fiscal cliff, january 1st, nearly every american will pay more income tax between $2,000 to $2400 for the average family, 2% cut in payroll taxes will disappear, 500 billion dollars in automatic spending cuts in effect, half at the pentagon the other half
Search Results 0 to 1 of about 2